Evening Star Newspaper, June 13, 1923, Page 27

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- -FINANCIAL GEORGIA PEACHES PARIS BOUBSE STEADY June 13-Prices _were Fmt Mortgage Loans, Lo LMD Towest Bates of Toterest and’ Commission. Prompt Actio ‘Thomas J. ;;l:lllermk!g«ompmy. Inc.| U. S. FEDERAL TRADE BOARD IS UPHELD Por Gent. ranton, LT Dienes a6 ceac times; exchange on London, 72 francs 20 centimes; 5 per cent loan, T4 francs 80 centimes. - The dollar was SELLING HIGHER Strawberry Demand Light in New York—Raspberries Arrive From Jersey. Bpecial Dispatch to The Star. NEW YORK, June 13.—Red rasp- berries from New Jersey made their first appearance on the New York market this morning and sold at 25 cents per pint. Receipts of strawberries from the Hudson River valley, as well as trom New Jersey and other states con- tinued light. Demand was limited, because of higher prices. The mar- By WILLIAM F. HEFFERNAN. NEW YORK, June 13.—Gold and sllver mining issues were the center of speculative interest in today's trading on the curb market. Spearhead Gold Mines was the ac- tive leader, getting up to a new top for the movement. The sudden re- newal of buylng in this stock fol- lowed reports that a big strike on the company's property had been made, and that a large body of ore had been already blocked out with assay estimates running as high as $357 to the ton in gold and silver. Seventy-three thousand - shares of Spearhead changed hands on Tues- day, the largest turnover of any. in- dividual stock in some time. Reports from Ontario state thatan- other gold stampede i3 under way in Goldfield under the lead of Goldfield |issue of that territory, following the bring- ing in of samples by prospectors. jssues were in active de- mand Florence, Continental Mines continued active around previous prevailing quotations, and Cortez Silver wasan- other” which displayed activity fol- lowing advices regarding expanding operations at the compan: mills. Copper shares were a lated by the renewed demand for tha metal, but prices were little change Ohlp Copper crossed sixty, an ity In Mohican, Fortuna and Artsons Globe continued. Zinc stocks failed to share in the improvement in the mining group and were disposed to recede as the result of curtalled operations at the mines. New Jersey Zinc lost four points, while Amalgamated Lead Zinc failed to recover its loss of Tuesday. Professional operators, encouraged by their success on the short side of the olls, were again active in_these stocks and were successful In bring- ing about lower levels. A few industrials continued under protessional attack, namely Durant of Delaware, which broke over a point following its three-point de- cline of the previous sesslon, the new White Rock Mineral, down two points, and National Supply of Delaware down almost two points at one time. quoted at 15 francs 60 centime: By the Associated Press. NEW ORLEANS, June 13.—Action of the Federal Trade Commission In 5% finding the Southern Hardware Job- e bers' Assoctation guflty of unfair||l —have on hand, ready for m- methods of competition in interstate mediate delivery, about thirty commerce, In violation of the federal thousand dollars in gilt edge restraint of trade act, was upheid to- 7 /] day by the United States circult court First Mortgage Notes of appeals here. NEW ADVERTISING HEAD. in Amounts of $250 E. D. Gibbs Goes to National Cashyifi ,p,,nu,,l,:, ':,,slfi?gy to in- Register Company. vest your funds with absolute ||| safety and get the maximum DAYTON, Ohio, June 13.—J. H. Bar- ringer, vice president and genéral return of interest. Title certi- 1 manager of the Natlonal Cash Reg- cate insurance policies lssued to all our loans. - ister Company, has appointed E. D. o U marticulars e iTly, Gibbs as advertising director of the ||| Loan Dept., company with headquarters at the New York ecity offices—30 East 424 SE Chas. D. Sager Mr. Gibbs has Money to Loan t deed nm-c a--rm an 'J"“Ph 1L Weller {3,755 of trust on reat estate. Sommiselon. Make Your Insurance Fulfill Tts Purpose. cently se = ket closed dull and weaker. Some e advertising. director of the ‘B 3 |l| ‘M. 36. 924 14th St. M. 37 consignments remained unsold.| Npw vORK June 13—Following is| 10 Hardshell Min Goodrich Company at Akron, Ohio, Mortgage ;m,e,lm,m, If men carry life insurance for the protection of those who are near and dear to them, why should ‘they not look far having resigned that position a few e weeks ago after a service covering a | period of four years. 80 Hearietta Silves 6 Hill Top Nevada 7 Hollinger . ®n official list of bonds and stocks Prices for Hudson River valley stock traded in on the New York Curb Mar- ranged from 20 to 35 cents per quart. ket today: 5 Howe Sound s North Carolina huckleberries con- 5 b - Mr. Gibbs is ex-president of the As-: . 2 - tinued to show irregular size, quality | Sales in 420 tndepuciden sociated Advertising Clubs of the enough ahead to insure the conservation of the capital they 30 Lone Star World. and condition, and sales ranged from % iaee i 20 to 35 cents per quart. o New Jersey gooseberries of large size sold readily at 20 to 25 cents per quart, while small stocks met an exceedingly limited demand at 12 to 15_cents. North Carolina dewberries showed wide range in quality and condition, prices ranged from 15 to 30 cents per quart. D —— i It's easler to do a thing right than to explain why you did it wrong. 5 —— rovide ? Co-Operative Building RIgUICS Association Orgnnized 1870 432 YEAR COMPLETED Assets -$4,657,959,56 H Surplus -$1,180,880.91 g EQUITABLE || 9 5 Am Gas & Elec 6h.. 9415 11 Am Rolling Mills Ge 90 Insurance must have competent and experienced manage- i ment if it is to accomplish its purpose, and ‘often those who are to derive the benefits are not equipped by training for that responsibility. WANTED el 51 1 Asso Sim H'dw na um. 2 Beaverboard _8s 7 Beth Steel 10 Peterson Take, Save As You Earn G i h realized higher 3 Beth Steel T SGeurein pe 1:“evkmlu?t o, ‘;flfi‘; 8 Can Nat 2 Ray ?v‘;'r‘}'fl:' inc. Second Trust Notes 5 Systematic saving is most effective. I Teceipts. Crates containing 24 qu s s s ; : ; \ ; ollo Uneeda, $1.25 to z _ We see it illustrated every day. 1t || 33005 Sarman 5150 to $2.50; :Carllxy 5Ot We have clients who lends to financial strength and inde- i | One of the functions of the American Security and Trust e i oyine ::%:. Tenthes ba 50 Sitver Gn ‘i Gor 40" have funds amounting from A Company is to carry out the plans of men who have pro- Subseription for i 85th Issue of Stock to the more active demand. Crates| 12 Dun Tire & Rub 7 containing 45 brought mostly $4.00. $500 to $100,000 for pur- 20 Silver Mines of Am . Mi. chase of second-trust 10 8i Ki DI 20 Silver Peck 280 Spearhead Gol vided life insurance for their families. s ishe 3 ccens Mines notes. Low rates if secur- |l Beles Recitvea ock Exchange| s fit ,‘.‘2;‘_3:. 30 Sieenition ,AL.‘} i ns . ’ Washington sii c ge| s o “l'E;,""l '.‘.'x',".‘?“(}" he i it is good. Shares, $2.50 Per Month We Issue Letters of Credit and Traveler’s Checks T Tonopeh 89 United & ..z 3 Tai SHANNON & LUCi1 Gapital Tractions Sa—$500 at 07, $500 at 7. Washington 4—$300 at 933 7,000 at 7%, Ewvery Banking Service EQUITABLE BUILDING 915 F St. N.W. i JOHN JOY EDSON. President 4 5 Uhlied Vere Hav 30 U S Contl new w 1 2 Utah Metat Tun . Mortgage Dept. COMMERCIAL 0 at 70, 10 at 10 0" at 3 Morris & Co 78 2 Nat Leather s 0 ) 38 End Consol. 713 14th St. Main 2345 Vi & m-m..;flm Rus: 2 8 Nat Acme Tis Bl - “13::: Alaaka it 2y FRANK P. REESIDE, Secy. i o nmton, Gy Ligh S New Or Tub Serv s 838 o : i ON SAVINGS . 10 at 4 10 l! 49‘ llfl at ‘1‘5 ; ;’m\o "“n!\'nr&n;_t‘: ;:‘ 881, —_——— 0 ] y, p o tional Bank—1 at oo Power & Lt Sn. B8 5 = onal Pank—5 at 050, 10 at 647, 3 Philip T 100 o FOREIGN EXCHANGE. ! 3 8 o ut t June 13, 1 S 7 \ 100% ; \ e 2% “.u'k'l m“:nnfuau 20 ot oy, 1043, | (Quotations furnished by W. B. Hibbs & Co.) ) TRUST \ and Trust Co.—1 at 105y Nominal = e First Mortgage Loans) . “Olrl‘l;LJ:X“ 1;»:"-.: 78, 3 at 8, 4 at 1074 | London, poun 61 u-menmn»r Linstypenio "t 150, 3 at 5 108 | aria trane Gt} 0% e AR 35+ | Drusscie g Made On Improved Properties WMCAN SIEC]UJK]I o s et e | TER Ry o o T i = (Including. Residences) T AND TRUST COMPANY - FOREIGN BONDS. Sh : Bid nn;3 g?k[fi'prim. L R e T SitheDisrce o Columbia | 15th and Penna. Ave.: A RS el oL il ot Capital and Surplus, $5,400,000.00 Cope: Sales . STANDARD OML ISSUES. Christiania,” crown. in units. 1534 | Btockholm.” crown oot 1 ! = 2% Interest | 2% | By the Assoclated Pres | NEW YORK. June 13.—Foreign ex- 1 changes Irregular. Quotations (in! United States dollars): Great Britain, Bid, Asked. American Tel. & Telx 91% 4 4 7th & Mass. Ave. 8th & H Sts. N.E. Reasonable Annual Curtailments Required N:W. Loans for Less Than $50,000 May Be Paid in Whole or in Part at Central: Northeast : | Telephone Capltal Traction Tt ol Pfl}l‘ Py demand, 4.61%; cables, 4.61%; sixty- P ey beba ey Buirban 5 Imp. ot day bills on banks, 4.59%. Francs ny Interest Perio ithout Ch: R - T Georgetown Gas 1at 5s....ooon o 135 Ind P L. y - e arge ' = ¥::rrmlpnhv n I K. st l“xlx‘(l pet” o demand, .0636} cables, .0636%. Italy, Southwest: 436 7th St. S.W. otomac olia T : & Fotomac To Nofthern L demand, .0464; cables, .04641%. Bel- H I Rl [S r COMPANY Northwest: 1140 15th St. N.W. Fotomac 200 Oblo 011 new = R glum, demand, .0546%; cables, .0547. . . | otomac drairie 7 4 3 5 ! | : e i Germany, demand, .000010; cables, 2 { .000010%. Holland, demand, .3915 Main 6888 912 15th Streer | cables, .3918. Norway, demand, .1657; | Loan Correspondent for the Sweden, demand, .2655; Denmark, de- - Prudential Insurance Company of America .1770; Switzerland, demand, ash, Tia Washigton Gas 3 ‘Washington Gas 7' 2300 § 0 N Wash. Itwy, & El 0 Ohio. .. 1 s Wash. Rmy. & Elec. ‘2700 Vacoum Ofi ‘wew .. 45 s 44 | JT9T Spaln, demand. -1484; Greece. g MISCELTANEOUS. 5 Sales INDEPENDENT OIL STOCKS. 0 Cazechoslovakia, = demand’ | D. C. Paper Mfg. fir 9 in hundreds. Argentine, demand, .3570; Riggs Realt. ”l (long 10 Allled Oil new, £ demand, .1025; Montreal, 97%. ; T Arkc Nat Gas - 8 2 - 7 ¢ Bareiogton 01i’0 0% We offer, subject to prior sale- 3 Cltles Service 5 - &, 167-POINT BREAK FIRST a7 ¢ an - o | SEEEECE SE 2 INSUGAR FUTURES, MORTGAGES Eniear en e Yis s e 3 4 2 G il . i 4 Norta &y 3 oD% 4 G Reek ori TR T [ (o) 7015 6 Gulf Oil of Pa i r-: 51‘ b;‘é By the Associated Press. . 4| AHame omdpeie (L 17 17) 'NEW YORK, June 13.—Disappoint. | The Safest Security on Earth ’ Humplirers G .. 29 "2 2 [ed over the demand.for refined sugar, terataiciRoyalties o 15 | traders in the market for raw sugar SERIES A eystone Ranger .. . 2 1 5% futures became demoralized today and 65 |=old heavily, breaking prices 60 to (o) M e g el : A % First Mortgage Collateral Gold Bonds 21" | Rallles of 25 to 30 points followed on We offer, subject to prior sale, a limited (Secured by Closed First Mortgage) 85 |covering, but the undertone after & . 1926. 18, Imidday was still nervous and un- issue of First Mortgage Real Estate Loans Dated May 1, 1923. Maturities May 1J1928. jecond 122 settled 1933. National Bink of Washington. TRUST COMPANY. New'“Bradtord Oil: at 7%, interest, secured on well selected, newly constructed residential property in Northwest Washington. Call or write us for full informa- tion concerning these loans. | Cuban raws could be bought under 2% | 5% cents, although no transactions i1 { were noted. owing to the unsettled 12% | conditions of the general market 30% Fine granulated was guoted from 5% (950 to o Omar 0l & G Peer O3l Corp ... Penn Beaver Ofl.. 1 Pennock Oil 2 Interest payable semi-annually, May 1 and November 1, at the office of the Mer- chants Bank and Trust Company, Washington, D. C, Trustee. Coupon Bonds in de- nominations of $1,000, $500 and $100 registerable as to principal. Fully registered bonds in denominations of $1,000. Coupon and registered bonds interchangeable. Redeemable at the option of the Company as a whole or in part on ‘any interest pay- ment date at 101, plus accrued interest. Ameriean Continenta Merchants Bavk . 3 Netions) Savings & Trus Tnion Trust.. Washington Loan & Trus - SAVINGS BANK, " commerce and Savings. East Washingto Securlty Saviu erenth_Stree Taited States, Washington Mechanict . FIRE Amerlcan Phillips Pet new.. 30% Red Bank odu "TR 3;2 9.90 by various refiners, but these prices were entirely nominal. TRUSTEE—MERCHANTS BANK & TRUST COMPANY, Washington, D. C. 220 a5 3 6 Sapulpa Refin. % = ‘,'f, e s | No loss to any investor in 50 years o Fobman ol B SECURITY—These bonds are secured by: & Wiieer oll & Gial: 1% (a) First and Closed Mortgage, on the ground and buildings occupied by the INDUSTRIALS, Ducommun Hardware Company, Los Angeles, California (which is the 4% Western distributing agent for the Bethlehem Steel Company), valued at 52 $200,000. The mortgage securing this issue is_deposited with the Merchants § Amercan oo T 87 Bank and Trust Company of Washington, D. C., Trustee, under a_trust 2 AmHawatian S5, 15 agreement which provides that the mortgage is to be held by it as collateral R security to this issue, and to be surrendered only upon satisfactory proof b of the final payment and cancellation of all bonds of this issue. (b) A first lien on the rental income. SURANCE. CONVENIENT DENOMINATIONS $250 $500 $1,000 Ask for Descriptive Booklet “S"—It's Free WILLIAM S. PHILLIPS First Mortgage Investments 15th St. at K St. N.W. $100 Columbia_Title nn.m.nco Real Estate Tit \us Graphophone _cox pliopione pfd. Reservations Accepted Now for July Funds : aise EXAMINE st your leisure the 1 Curtiss Aero . 13;‘. booklet descril Col. Col. 4 Atlantlc Fruit .. i Bridgeport Mch w1 1 Central A 8 5 1 Contriruga Tt Bi 9 Chieago Nipple - 5 Chic Nipple B t 3 Ohie Ateat Wheel pt 2 EARNINGS—This property is under lease to the Ducommun Hardware Company for a period of years existing over the term of this bond issue, at a rental amount ing to more than two and one-half times the interest requirement of this issue D iceh Market eom 0ld Dutch Market pfd. Tanston - Monotype . Security . Storag 1 Cleveland Auto 4 Cox Casb Stor 4 Cuba Co C & D. LOCATION—The property consists of about 152000 square feet of ground, improved by a modern fireproof, brick and steel building, 161 2-3 feet x 322 feet, containing SHORT-TERM SECURITIES. 6 Douglas Perfec g our current 52054 s £ f fl located Qh "heart ‘of the wholesal d indus- 5 5 g quare feet of floor space, located in the heart of the wholesale and indus (Quotations foribed by Redmond & Co) | B Dubler,C 8 Bl 8 %8 offerings, make your selection trial section of the City of Los Angeles, California, a city which has shown a mar- B, . Offer. 1 Durant Mot of Ind.. 12 as to issue and maturity, and velous, steady and substantial growth in the past few years, and which has come Atumlaum Q0. of Amer. (38 1005, 108 3 - 18e% £ Entopranle reserve theinvestmentyoudesire to the front rank as a distributing center for the Pacific Coast territory, Coast- Alvminum Co. of Amer. Ts 1033, 105 00 xle e 10 Federal Telegraph.. ~4% American Cotton Oil 6 102: 8 218 wise and Foreign trade. The property is served with private spur tracks from the: Southern Pacific.Railway System and several enormous steel cranes for hauling FOR FUTURE DELIVERY & A GOOD INVESTMENT FOR YOUR Americsn 101 B Ameriean 100, your funds are not available at z Amaconda :.‘,;‘g this time. SURPLUS FUNDS heavpitopneke pe: Anaconda Copper s 9 gz Corp ..... 21 Anglo-American 01l 7% 4 Hydrox Corp 1% 1 Lehigh Power sec.. MATURITIES—These bonds will mature as follows: NO DEPOSIT is required on Bel Lehigh Val Coal .. 80 . $17,000—May 1, . N lfifi ?;fit&;{’fi;flf‘ ot B e el o $17.000—May 1, 1928, 02 S e We Have a Number of B xSl 000 12Mnn ‘wear Inc w 1. 39 of the purchase price reserva- $100, $500 and $1,000 bonds in each maturity. tions may be made for longer periods. All payments draw 6Y2%interest from datereceived. If you wish to pay in install- ments our Investment Savings Plan affords a means of earning 6%2% on all partial payments, with A_. MONEY BACK FIRST MORTGAGES —on new residences in good locations, which offer an ab- solutely safe investment and that yield a liberal re- AMORTIZATION—Payment of interest and repayment of principal at maturity is amply safeguarded by our requirement of the deposit monthly by the mortgagor of one-twelfth of the sum necessary to meet these payments. TITLE—Title guaranty policy guaranteeing validity of title furnished by the Title Insurance and Trust Company, of Los Angeles, California, and held by the Trustee. s 1 buck A‘F'o :‘.’ 1033 101 of Calif s 1081 Tiaewaser Oi1 04 Over a INSURANCE—Ample fire and other insurance is held by the Trustee for the pro- é“‘““fi?{&i;mfl-“ub ot 10 GUARANTEE of principal Quarter e tection of the bondholders. fern Ui 108 . - : i Westinghouse E. & M. 1 107 and savings bank interest in the of a GUARANTEE—We have purchased the mortgage against whnch these First Mort- —_— event you are unable to com- gage Collateral Gold Bonds are issued after the most thorough investigation, and They may be secured in any amount from $250.00 we not only recommend their purchase by those seeking safety for their in- TREABURY CERTIFICATES. vestments, but we guarantee payment. plete the purchase. Century (Quotations furnished by Redmond & Co.) o Yel Taxi Corn NY m'A Demominations: $100, $500, $1,000 Without Maturity. “Bia. 2 Maturities: 2 to 13 years d : E—! i B Tone . 023, 003132 108" MINING. eyt Sibois and’ multiples PRICE—Par and accrued interest at 6%. 83%s September 13, 1923 99 15-16 100 2 Am Jead Zinc Sm - Bl & 331 Beptember 15, 1037 100 116" 100! 540 Belcher Extens 2 05 Tax-Free. Foatures 100 g Call, write or phone Bl & 6464 today ARNOLD AND COMPANY GUARANTEED FIRST MORTGAGE REAL ESTATE INVESTMENTS A .Established 1895 WASHINGTON, D. €. Capital $1,000,000 Phone After July Ist Main 657 1416 Eye St. N.W. for our current offerings booklet : by i B. F. SAUL CO. +Main 2100 Incorporated Present Offices 1311 H St. N.W., C 488 Decsmver 15, Toi. rve 10 Emma Silver 20 Eureka Croesus 120 Fortuna Mines . Goldfleld 1412 Eye St. NW. From the Boston Transcript. , A century ago Jane Austen "wrote: “A woman of twenty-seven ho»e to feel or insp| " Can this be why the ladies iger so long at 267

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